Automated TrendLine contain two trendlines (support and resistance trendline), calculate the most relevant trendlines by connecting the most important areas on the market.

Identifying chart patterns is simply a system for predicting stock market trends and turns! Hundreds of years of price charts have shown that prices tend to move in trends. (Im sure weve all heard the saying, the trend is your friend.) Well, a trend is merely an indicator of an imbalance in the supply and demand.

These changes can usually be seen by market action through changes in price. These price changes often form meaningful chart patterns that can act as signals in trying to determine possible future trend developments.